Monday 24 July 2017

Isyx Tech discusses building industry challenges

Isyx Technologies, a fast-growing business innovation consulting company in the Middle East and Africa, recently held a joint workshop with Microsoft to discuss the challenges faced by the construction and building materials industry. The event focused on how specific solutions p


Abu Dhabi's residential market 'under pressure'

Issues of oversupply and ongoing economic uncertainty continue to put pressure on Abu Dhabi’s residential real estate market, according to leading international property company Chestertons Middle East and North Africa (Mena). The apartments rents registered a three per cen


TDIC's beachfront Mamsha Al Saadiyat 'progressing quickly'

Abu Dhabi's Tourism Development & Investment Company (TDIC) has achieved a significant milestone at its beachfront mixed-use project Mamsha Al Saadiyat with all concrete groundwork being laid out and building structural works complete. Situated in close proximity to


JGE to develop 'massive' plot in New Dubai

Jumeirah Golf Estates (JGE), a major residential golf community in the Middle East region, is likely to open up a massive 700-hectare area right in the heart of New Dubai for development, said a report. These 700 hectares represent the still undeveloped areas forming the 1,119-he


Developers 'eyeing ME renewable energy market'

With the cost disparity between solar and conventional electricity generation fast disappearing, several leading power plant developers are eyeing the Middle East renewable energy market in order to boost growth, said an expert.   Economic and environmental sustainability has


Dubai residential property prices down 4.9pc in June

The residential property prices in the rental market in Dubai, UAE, plunged 4.95 per cent year-on-year (y-o-y) in June mainly due to a sharp drop in apartment and villa prices over the same period last year, said a report. The Dubai Residential Property Sales Price Index for all


Abu Dhabi cracks down on illegal accommodation

The Abu Dhabi City Municipality (ADM) has carried out a wide-scale campaign on illegal accommodations and congested occupancy in the Baniyas neighbourhood of the UAE capital. The crackdown resulted in the ADM serving notices to 30 violators in Baniyas East 9 area and 10 others in


Dubai’s Parallel Roads project set for Q4 opening

Phase One of Dubai’s Parallel Roads Improvement Project (Godolphin District) is 85 per cent complete and  all construction works under this phase would be finished in the final quarter of 2017, said a top official. Mattar Al Tayer, director-general and chairman of Road


Sharjah-Fujairah highway on track for 2018 opening

Around 55 per cent of the work on the Mleiha Road Development in Sharjah, UAE, has already been completed and the 42-km-long project is on track for opening next year, said a report. The project, which will extend from the Al Badi intersection to Sheikh Khalifa Road in Fujairah,


Cimic wins $400m Australia airport contract

Cimic Group, a leading international contractor, said one of its companies CPB Contractors has been awarded a $400-million airfield works contract by Brisbane Airport Corporation to construct the New Parallel Runway in a 50:50 joint venture with BMD Constructions. The airfield wo

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